The Fairfield Office of Community and Economic Development has announced that funds are available to help income-eligible, first-time homebuyers purchase a home in Fairfield. Assistance may be used toward the purchase of any owner-occupied, single-family, two-family or condominium unit in Fairfield.
Under this program, the Town will provide 50% of the required down-payment up to a maximum of $30,000 toward the purchase of a home through a no-interest loan, payable when the owner re-finances, transfers the property or passes away. The Town will also help pay reasonable closing costs up to a maximum of $2,500. These funds may be used toward attorney fees, the cost of appraisals and/or pre-paid interest and other financing charges, and are provided as a grant, which need not be re-paid.
Certain other restrictions do apply. For additional information, please contact the Office of Community and Economic Development, located at 611 Old Post Road, Fairfield, Connecticut, 06824 or call (203) 256-3120.